Property Overview: 515 Trent Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a specific and practical value proposition. Its key characteristic is its compact scale: at 600 sqft on a 2,462 sqft lot, it is notably smaller than most homes on its street, in the Munroe West area, and across Winnipeg. Built in 1921, it is older than the local average. The assessed value of $149k is significantly below area and city averages, reflecting this modest footprint.
The appeal lies squarely in affordability and efficiency. It is a low-barrier entry point into homeownership, with very low property taxes relative to the market. It suits minimalist buyers, first-time purchasers prioritizing financial flexibility over space, or investors seeking a straightforward rental property. A thoughtful perspective is that a home of this size and age on a smaller lot represents a lower environmental footprint and reduced maintenance burden, appealing to those seeking a simpler, more sustainable lifestyle without a major renovation project.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is primarily based on the home's relatively small living area and lot size compared to neighbouring properties, which are larger and often newer.
2. What does the "Top 94%" ranking for Living Area mean?
It means that for living area size, this property ranks in the bottom 6% on its own street (163rd out of 174). In simpler terms, nearly every other home on Trent Avenue is larger.
3. Is this a good investment property?
Given its low assessed value and purchase price, it could offer a reasonable rental yield based on lower initial investment. However, its smaller size may attract a specific tenant market, and being an older home, potential maintenance costs should be factored in.
4. How can I find out the exact price it last sold for?
The site provides sold price ranges for non-members. As noted, exact sold prices are not displayed due to data source rules. You can request the exact figures by email through the provided site function for a manual lookup.
5. The home is over 100 years old. What should I consider?
While many century-old homes are solidly built, a pre-purchase inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation. Its age also means it may have character details not found in newer builds.